Dear Professionals,
For a SEZ unit, if we are purchasing car then can we utilise the input tax credit or the taxes will be cost to us.
7 Replies
CA Rakesh Joshi
(Chartered Accountant )
(1272 Points)
Replied 17 October 2018
ITC cannot be claimed for vehicles as per Sec 17(5) Blocked credits. Yes. It will be a cost and you can claim depreciation for car.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 17 October 2018
Yes... I agreed to Mr Rakesh Joshi.
@ Mr. Amol.,
Yes... It's Your cost of Purchase of Car.
@ Mr. Amol.,
Yes... It's Your cost of Purchase of Car.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 18 October 2018
Yes ... Because supply to Sez unit the supplier cannot collect IGST from Sez but that is only in case of operational goods or services (The sez is dealing) & Car is not Operational goods & moreover its block u/s 17(5)
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 18 October 2018
Yes... I agreed to Mr Pankaj Rawat.
Hariharan B
(2 Points)
Replied 05 February 2024
Dear Mr. Pankaj,
In our case we are buying small truck which is used for carrying the goods from SEZ unit to Shipping port.
Pls confirm can we avail GST exception.
pradeep tyagi
(partyner)
(6 Points)
Replied 22 April 2024
exemption on commercial vehicles for transport the goods can be availed.
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